Matsiloje Cement in six-year loss making streak

Matsiloje Cement Co.PIC MORERI SDEJAKGOMO
Matsiloje Cement Co.PIC MORERI SDEJAKGOMO

FRANCISTOWN: A senior official at the cement company, Matsiloje Portland Cement (MPC) has disclosed that the company has been making serious losses since its inception six years ago.

MPC is a 100% subsidiary of Nortex Textiles.

The company’s managing director, Mukesh Josh told Businessweek in an interview that the company lost P13 million in its six years of operation. 

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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